Wealth PI Research
Residential Property Market Report
2023 Q2
The Australian property market has experienced significant transformations due to the interplay of diverse economic, legislative, and societal factors, marking a period of transition and adjustment.
The market's overall recovery is promising, with a notable increase in housing prices across major cities. This resurgence can be attributed to factors such as steadily increased interest rates, government incentives, and changing living preferences post-pandemic. Notably, Sydney stands out as the city with the most substantial growth in house prices and rents. Conversely, Melbourne's housing market has shown a relatively slower recovery.
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